The latest report by IMARC Group, titled “Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global machine tools market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global machine tools market reached a value of US$ 91 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 123 Billion by 2027, exhibiting at a CAGR of 4.91% during 2022-2027. Machine tools represent stationary and power-driven equipment used for cutting or forming metals or other hard materials. They generally range from small workbench-mounted instruments to large devices that perform numerous operations, including cutting, forming, grinding, drilling, abrading, nibbling, etc., in modern industries. Machine tools also aid in reducing the amount of human interaction needed at different stages of the industrial processes and enhancing product uniformity. Presently, the mode of operation has progressed from numerical control (NC) to computer numerical control (CNC) and direct numerical control (DNC).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Machine Tools Market Trends:
The increasing product demand across several end-use sectors, including precision engineering, automotive, aerospace, electronics, etc., is primarily driving the machine tools market. Additionally, various organizations are ensuring automation in their manufacturing processes to improve productivity and meet quality standards, thereby further bolstering the market growth. Besides this, the growing utilization of simulation engineering software and modern designs for ensuring the accuracy, sturdiness, reliability, etc., of the machines is acting as another significant growth-inducing factor. Moreover, the rising consumer inclination towards machine tools with linear drives that are considerably faster and more accurate than their non-linear counterparts is also augmenting the global market. Apart from this, the introduction of numerous advanced devices and processes, such as lasers, ultrasonics, high-pressure water jets, plasma streams, etc., for improving the speed and precision of the machining process is anticipated to fuel the machine tools market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Allied Machine & Engineering Corporation
- AMADA Holdings Co. Ltd.
- Dalian Machine Tool Group Corporation
- DMG Mori Co. Ltd.
- FALCON Machine Tools Co. Ltd.
- 600 Group PLC
- Yamazaki Mazak Corporation
- TRUMPF GmbH + Co. KG
- JTEKT Corporation
- Doosan Machine Tools Co., Ltd.
- Okuma Corporation
- Hyundai Wia Corporation
- Makino Inc.
- Schuler AG
Breakup by Tool Type:
- Metal Cutting
- Metal Forming
- Accessories
Breakup by Technology Type:
- Conventional
- CNC (Computerized Numerical Control)
Breakup by End Use Industry:
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Consumer Goods
- Precision Engineering
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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